Buy Bharat Forge, target price Rs 875: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Bharat Forge with a target price of Rs 875. The current market price of Bharat Forge is Rs 763.6. Time period given by analyst is one year when Bharat Forge Ltd. price can reach defined target.

Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 35566.32 Crore) operating in Auto Ancillaries sector.

Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings, Scrap, Export Incentives, Job Work, Wind Mills for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2884.04 Crore, down -21.12 % from last quarter Total Income of Rs 3656.05 Crore and up 34.24 % from last year same quarter Total Income of Rs 2148.39 Crore. Company reported net profit after tax of Rs 162.84 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 45.25 per cent stake in the company as of 30-Jun-2022, while FIIs owned 18.82 per cent, DIIs 24.33 per cent.